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We are here for you to provide the important Recent and Latest Current Affairs January 31 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

GoI Establishes New SPV NSHIP to Develop Mega Shipbuilding Cluster in TNOn January 29, 2026, Government of India (GoI), in collaboration with the Government of Tamil Nadu (TN), established National Shipbuilding & Heavy Industries Park (NSHIP), a Special Purpose Vehicle (SPV), in Thoothukudi, TN.

• The SPV will develop India’s first mega shipbuilding cluster at Thoothukudi.

About the NSHIP SPV:
Joint Venture: The SPV is a Joint Venture (JV) between V.O. Chidambaranar Port Authority (VOC Port) and the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), with each holding 50% stake.
Background: The SPV formation follows a Memorandum of Understanding (MoU) signed in September 2025 in the presence of Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways (MoPSW).
Significance: It is the first SPV formed under the Shipbuilding Development Scheme (SbDS).
Location: The greenfield shipbuilding cluster will span ~2,000 acres with a 2-Kilometer(km) waterfront, including 1,000 acres for shipyards and 1,000 acres for ancillary and social infrastructure, aiming to boost commercial shipbuilding, jobs, and maritime capacity, with an anchor shipyard targeted to reach 0.5 million gross tonnes within 10 years.
About Shipbuilding Development Scheme:
Overview: India’s SbDS, launched under the Rs.69,725 crore maritime package (Oct 2025), allocates Rs. 19,989 crore to boost domestic shipbuilding capacity to 4.5 million Gross Tonnage(GT) annually by 2047 through infrastructure and technology upgrades.

• Operational guidelines notified on Dec 27, 2025 support greenfield clusters (like NSHIP-TN), brownfield modernizations, and the India Ship Technology Centre under Indian Maritime University.

Components: 
Financial Assistance: The scheme provides financial support to Indian shipyards for constructing commercial ships, special purpose vessels, and green, future-ready ships.
Mega Shipbuilding Clusters: The scheme offers government support for developing greenfield shipbuilding parks with common infrastructure such as dry rocks, wet berths, design and testing facilities, and ancillary industries.
SPV-Based Implementation: The shipbuilding clusters are developed through SPVs with joint participation of Central government entities such as ports and state governments or their industrial agencies.
About Tamil Nadu (TN):
Chief Minister (CM) – Muthuvel Karunanidhi Stalin
Governor – R.N. Ravi
Capital – Chennai
National Park (NP) – Mudumalai NP, Gulf of Mannar NP

GoI Notifies ‘Coking Coal’ as Critical Mineral to Reduce Import DependenceIn January 2026, the Government of India (GoI) notified ‘Coking Coal’ as a critical and strategic mineral under the Mines and Minerals (Development and Regulation) (MMDR) Act, 1957.

• This move aimed to reduce India’s heavy dependence on imports and strengthen the domestic steel supply chain.

Key Details:
Coking coal: It is a carbon-rich coal essential for blast furnace steel production and plays a vital role in industrial manufacturing.
Key Reason for Classification: India has an estimated 37.37 billion tonnes of coking coal resources, mainly located in Jharkhand, with additional reserves in Madhya Pradesh (MP), West Bengal (WB), and Chhattisgarh.

• Despite the rich coking coal resources, imports increased from 51.20 million tonnes(MT) (in 2020-21) to 57.8MT (in 2024-25).
• Currently, nearly 95% of the coking coal requirement for the steel sector is met through imports which lead to a large foreign exchange outgo.

About MMDR Act, 1957 Amendments:
Amendment: The classification was notified by amending the First Schedule of the MMDR Act, 1957.

• Now, Part A of the Act reads the term ‘Coal’ as ‘Coal, including Coking Coal’ and also ‘Coking Coal’ has been included in Part D, which lists critical and strategic minerals.

Royalty, Auction Premium: However, the notification has clarified that, in accordance with Section 11D(3) of the MMDR Act, royalty, auction premium, and other statutory payments related to mining leases will continue to accrue to the respective state governments, even if minerals auctions are conducted by the Central Government.

MoSPI Operationalises PAIMANA Portal for Central Sector Infrastructure Projects
In January 2026, the Ministry of Statistics & Programme Implementation (MoSPI) operationalised PAIMANA (Project Assessment, Infrastructure Monitoring & Analytics for Nation-building), a web-based portal for monitoring Central Sector Infrastructure Projects worth Rs 150 crore and above, replacing the earlier Online Computerised Monitoring System (OCMS-2006).
About PAIMANA Portal:
Integration: The portal integrates with the Department for Promotion of Industry and Internal Trade (DPIIT)’s IPMP (Integrated Project Monitoring Portal) / IIG-PMG (Investment Information Gateway – Prime Minister’s Office Monitoring Group) via Application Programming Interfaces (APIs), automating about 60% of project updates under the “One Data, One Entry” principle.
Coordination: PAIMANA has been operationalised in consultation with over 20 Central Ministries and Departments, including Department of Economic Affairs (DEA), under Ministry of Finance (MoF) and DPIIT, under Ministry of Commerce and Industry (MoC&I), covering project mapping, data migration, analytics, and validation.
Automation: About 60% of project data flows automatically from Central Ministries and Departments for ongoing infrastructure projects with revised costs of Rs 150 crore and above, reducing manual entry and ensuring consistent and reliable data across the platform.

Assam Petro-Chemicals Signs MoU with Deendayal Port to Set Up e-Methanol Plant
In January 2026, Assam Petro-Chemicals Limited (APL) signed a Memorandum of Understanding (MoU) with Deendayal Port Authority (DPA) to establish a 150 Tonnes Per Day (TPD) e-Methanol plant at Kandla Port, Gujarat.

• The agreement was signed in the presence of Assam Chief Minister (CM) Himanta Biswa Sarma and Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways (MoPSW) in Dibrugarh, Assam.

About Kandla E-Methanol Project:
Investment: The project entails a capital investment of over Rs 1,200 crore.
Infrastructure: Under the MoU, DPA will provide pipeline connectivity, storage, and fuel-handling infrastructure, while APL will establish a 150 TPD e-Methanol production facility within Kandla Port.
Technology: E-Methanol (Electro-Methanol) is produced using green hydrogen and captured carbon dioxide powered by renewable electricity to serve as a clean marine and industrial fuel.
Deployment: The e-Methanol fuel will serve shipping, industry, and chemical sectors where electrification is difficult, supplying vessels along the Singapore–Rotterdam corridor and positioning Kandla Port as a green fuel hub.
Alignment: The project boosts India’s green shipping, Methanol Economy, and National Green Hydrogen Mission (NGHM), aligns with Aatmanirbhar Bharat and Make in India, lowers logistics cost, develops green bunkering, and supports Net-Zero 2070.

IA Partners with USA’s Shield AI for Procurement of  Autonomous V-BAT Drones
In January 2026, Indian Army (IA) signed an agreement with the United States of America (USA)’s defence technology firm, Shield AI for the procurement of the V-BAT, vertical take‑off and landing (VTOL) Unmanned Aircraft System (UAS), that will be manufactured in India.

• As per the agreement, Shield AI will supply V‑BAT VTOL drones and licences for its Hivemind autonomy software that will be integrated into the aircraft, enabling the armed forces to develop and test mission-specific autonomy applications.

About V-BAT:
Classification: It is classified as a ‘Group-3’ VTOL UAS and features a ducted-fan design which helps to take off and land vertically without runways.
Key Features: V-BAT, powered by a heavy-fuel engine, offers long-endurance (i.e. over 12 hours) surveillance in difficult terrain and high-threat environments with a lower logistical footprint.
Manufacturing Unit: In December 2025, JSW Defence Private Limited, with an investment of USD 90 million, has started the construction of a manufacturing unit for the production of V-BAT at Electronic Manufacturing Clusters (EMC) Maheshwaram near Hyderabad (Telangana).

IR Completes 100 m ‘Make in India’ Steel Bridge for Bullet Train in Ahmedabad, Gujarat
In January 2026, Indian Railways (IR) successfully completed a 100-metre-(m)-long steel bridge over the underground metro tunnel in Ahmedabad district(Gujarat) on the Kalupur-Shahpur stretch for the Mumbai-Ahmedabad bullet train project.

• This marks the 13th steel bridge completed in Gujarat, out of the 17 approved for the bullet train project in the state.

About Steel Bridge:
Key Specifications: The steel bridge weighs 1,098 Metric tons (Mt), is located parallel to the Ahmedabad-Sabarmati main line of Western Railways.
Fabricated at: The structure measures 14 m in height and 15.5 m in width (or, breadth), was fabricated in a workshop in Wardha (Maharashtra)
Assembly of Bridge: The bridge was assembled at a height of 16.5 m from the ground on a temporary platform (trestles) measuring 11.5×100 m, at the site.
Other Key Features: It is constructed using nearly 45,186 Top-Shear Type High Strength (TTHS) bolts. It is coated with Corrosivity category (C5) system protective painting, equipped with elastomeric bearings which ensures enhanced durability, long service life and passenger safety.

BANKING & FINANCE

IRDAI Reconstitutes Reinsurance Advisory Committee for Three Years under A.V. Girija KumarIn January 2026, the Insurance Regulatory and Development Authority of India (IRDAI), under the Ministry of Finance (MoF), reconstituted its Reinsurance Advisory Committee (RAC) with immediate effect, and the committee will serve a three-year tenure.

• A.V. Girija Kumar, former Chairman and Managing Director (CMD) of Oriental Insurance Company Limited (OICL) was appointed as the chairman of the RAC.

About Reinsurance Advisory Committee (RAC):
Background: The RAC committee has been reconstituted under Section 101B of the Insurance Act, 1938.
Purpose: The reconstitution is aimed at strengthening IRDAI’s advisory support on reinsurance-related matters by bringing together senior experts from the insurance and reinsurance ecosystem.
Secretary: Aruna Bowrampet, Deputy General Manager (Reinsurance), IRDAI was appointed as the Secretary to the Committee.
Members: The new committee includes

• Praveen Vashishta, former Chief Executive Officer (CEO) & Managing Director (MD), Howden Insurance Brokers India Private Limited
• Roopam Asthana, Former CEO, Liberty General Insurance
• T.L. Alamelu, Former Whole-Time Member, IRDAI.

About Insurance Regulatory and Development Authority of India (IRDAI):
Overview: IRDAI is the statutory regulatory body established to oversee and regulate the insurance sector in India, ensuring fair practices, financial stability, and consumer protection.
Act: It was established in 1999 in Hyderabad (Telangana), under the Insurance Regulatory and Development Authority (IRDA) Act, 1999, under the MoF.
Background: IRDAI was established following the recommendations of the Malhotra Committee to reform and liberalize the insurance sector. In 2000, it became fully operational.
Structure: IRDAI consists of a chairperson, 5 whole-time members, and 4 part-time members, who are appointed by the Government of India (GoI).
License Approval: IRDAI licenses insurers and agents, frames insurance regulations, supervises company operations, protects policyholders, promotes insurance awareness, and penalizes companies for violations.
Consumer Protection: IRDAI ensures consumer protection through grievance redressal mechanisms, insurance ombudsman system, guidelines against mis selling, and transparency in policy terms and conditions.
Chairman – Ajay Seth
Headquarters – Hyderabad, Telangana
Established – 1999

Slice Introduces India’s First UPI-Centric Digital Banking EcosystemOn January 29, 2026, Slice Small Finance Bank (Slice SFB) introduced three financial products such as Digital Savings Account linked to the Repurchase Agreement (Repo) rate, UPI-Integrated credit card, and digital Fixed Deposits (FDs).
Financial Products Launched:
Digital Savings Bank Account: 
Launch: Slice launched India’s first savings account linked to 100% of the Repo rate of Reserve Bank of India (RBI).
Interest: The interest is calculated and credited daily, enabling money to grow in real time, setting a new benchmark for modern savings accounts by aligning profitability with fairness.
Returns & Balance: The account offers transparent returns, no minimum balance requirements, instant liquidity, and full digital access from day one, including Unified Payments Interface (UPI) for everyday payments.
UPI Credit Card:
Scan & Pay: Slice launched UPI credit card to enable customers to scan and pay at any UPI-enabled merchant using an approved credit limit instead of traditional card rails.
Features: The card offers up to 3% cashback based on usage, a “Slice in 3” feature for no-cost Equated Monthly Investment (EMI) conversion on purchases above Rs.2,000, weekly rewards through Slice Sparks.

• It has no joining, renewal, or annual fees and provides fully digital onboarding and experience.

Digital Fixed Deposits: Slice offers fully digital fixed deposits that can be opened and managed entirely through the app. These FDs offer interest rates of up to 7.25% per annum and are insured up to Rs.5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), Ministry of Finance (MoF).
Background: In July 2025, Slice opened India’s first UPI-powered physical bank branch in Bengaluru, Karnataka.
About Slice Small Finance Bank (Slice SFB):
Chief Executive Officer (CEO) – Rajan Bajaj
Headquarters – Guwahati, Assam
Established – 2016

Paysharp Secures PA-P License from RBI to Operate as Physical Payment Aggregator 
In January 2026, fintech startup Paysharp received the Payment Aggregator–Physical (PA-P) licence from the Reserve Bank of India (RBI), enabling it to operate as a physical (offline) payment aggregator and enhance its payment service offerings.

• In August 2024, Paysharp received the Payment Aggregator- Online (PA-O) license.

About PA-P Licence:
Unified Online–Offline Payments: With this move, Paysharp is fully authorized to offer end-to-end payment acceptance services across online and offline channels from a single regulated platform.
Omnichannel: It can serve merchants in stores, on-the-go, and online, without relying on third-party aggregators.
About Paysharp: Paysharp, established in 2019 in Chennai (Tamil Nadu, TN), uses a flat-fee pricing model which enables merchants to pay a fixed charge per transaction.

• Its customers include Government and Business-to-Business (B2B) enterprises, Non-Banking Financial Companies (NBFCs), Small & Medium Businesses (SMBs), and Electronic (E)-Commerce merchants.

RBI Approves Punjab & Sind Bank to Open Branch in GIFT City, Gujarat
On January 29, 2026, Punjab and Sind Bank, a Public Sector Bank(PSB) in India, received approval from the Reserve Bank of India (RBI) to open a branch at the International Financial Services Centre (IFSC) in Gujarat International Finance-Tec (GIFT) City in Gandhinagar, Gujarat.
About IFSC GIFT City Branch:
Framework: The GIFT City branch will operate under the IFSC framework, designed for cross-border financial services and international banking.
Foreign Currency Lending: With this new branch, Punjab & Sind Bank aims to strengthen foreign currency lending, expand trade finance and treasury operations, and provide enhanced international banking services to corporate and institutional clients.
About GIFT City: It is India’s flagship international financial hub with IFSC status, enabling financial institutions to conduct offshore and cross-border transactions more efficiently, offer international banking products, and compete with global financial centers.

APPOINTMENTS & RESIGNATIONS

Kota Ravi Appointed as CMD of Hindustan Aeronautics Limited
On January 29, 2026, Hindustan Aeronautics Limited (HAL), a premier Schedule A Central Public Sector Enterprise (CPSE) under the Ministry of Defence(MoD), appointed Kota Ravi as its new Chairman and Managing Director (CMD).

• He will succeed Dr. D.K. Sunil who will retire in April 2026.

About Kota Ravi:
Experience: He has over three decades of experience in aviation, manufacturing, and aerospace programme management.
Leadership: He helped establish infrastructure and processes to produce up to 16 Tejas aircraft per year and supported delivery of the first twin-seater variant.
Key Roles: He served as Executive Director (ED) (Corporate Planning) of HAL and ED & General Manager (GM), Light Combat Aircraft (LCA) Tejas Division, leading the division responsible for India’s indigenous fighter aircraft programme.

• He currently serves as Director (Operations) of HAL.

IMPORTANT DAYS

Shaheed Divas or Martyrs’ Day 2026 – January 30 Martyrs’ Day, also known as Sarvodaya Day or Shaheed Diwas, is observed across India on January 30 to honour national martyrs and commemorate the death anniversary of Mahatma Gandhi, the ‘Father of the Nation’.

• January 30, 2026 marks the 78th death anniversary of Mahatma Gandhi.

Background:
Assassination: Mahatma Gandhi was assassinated on January 30, 1948, by Nathuram Godse at Birla House (now Gandhi Smriti) in New Delhi, Delhi.
Declaration: Martyrs’ Day was officially declared in 1949 to honour his legacy and the sacrifices of other freedom fighters.
Other Martyrs’ Days in India: Martyrs’ Days also observed on March 23, May 19, and November 19, each commemorating distinct sacrifices and contributions to the nation.
About Mahatma Gandhi:
Birth: Mahatma Gandhi was born as Mohandas Karamchand Gandhi on October 2, 1869, in Porbandar, Gujarat.
Role in Freedom Struggle: He was a lawyer, anti-colonial nationalist, and political leader who played a significant role in India’s freedom movement.
Key Movements Led: He played a pivotal role in major movements such as the Khilafat Movement, Non-Cooperation Movement, Civil Disobedience Movement, Quit India Movement, and the Champaran Satyagraha.
Autobiography: “The Story of My Experiments with Truth”, Gandhi’s autobiography, chronicles his life up to 1921. It was originally written in Gujarati and later translated into English by Mahadev Desai.
Literary Works: His notable writings include ‘Gokhale: My Political Guru’, ‘The Law and the Lawyers’, and ‘Satyagraha in South Africa’. He also translated John Ruskin’s “Unto This Last” into Gujarati under the title “Sarvodaya”.
Honour: In 1930, he was named TIME Magazine’s ‘Man of the Year’(now called Person of the Year), becoming the only Indian to receive this honour to date.
International Gandhi Peace Prize: On the occasion of his 125th birth anniversary (October 2, 1995), the Government of India(GoI) instituted the International Gandhi Peace Prize in his honour.
2026 Event:
Sarva-Dharma Prarthana: On January 30, 2026, a Sarva-Dharma Prarthana was held at Gandhi Samadhi, Rajghat, New Delhi, Delhi, to commemorate Martyrs’ Day.

World Neglected Tropical Diseases Day 2026 – January 30The World Health Organization’s (WHO) World Neglected Tropical Diseases Day (WNTDD) is observed annually across the globe on 30 January to raise awareness about the severe impact of Neglected Tropical Diseases (NTD) on impoverished and underserved populations.

• 30 January 2026 marks the 7th observance of the WNTDD.

Theme:
2026 Theme: “Unite. Act. Eliminate”
Focus: Highlighting the collective action required to eradicate neglected tropical diseases worldwide.
Background:
Announcement: WNTDD was first announced by the Crown Prince Court of Abu Dhabi, at the 2019 Reaching the Last Mile Forum in Abu Dhabi, the United Arab Emirates (UAE).
First Observance: The inaugural observance of WNTDD took place on 30 January 2020.
Designation: On 31 May 2021, the 74th World Health Assembly (WHA) officially designated 30 January as WNTDD through decision WHA74(18), supported by UAE, Oman, Brazil, and other member states.
Significance: WNTDD marked the release of the first NTD Roadmap (2012–2020) alongside the London Declaration on NTDs, laying the foundation for global action, later reinforced by the WHO with the launch of the NTD Roadmap (2021–2030) in January 2021 and the Kigali Declaration 2022.
2030 Vision: The WHO aims to eliminate at least one NTD in 100 countries by 2030 under its NTD Roadmap (2021–2030).
About Neglected Tropical Diseases (NTDs):
Overview: NTDs are a group of 21 communicable diseases caused by parasites, bacteria, viruses, fungi, and toxins, prevalent mainly in tropical and subtropical regions.
Prevalence: NTDs affect over one billion people worldwide, mainly in low- and middle-income countries, causing chronic disability, social stigma, economic loss, and persistent poverty.
Spectrum: Major NTDs include lymphatic filariasis, onchocerciasis, schistosomiasis, leprosy, trachoma, dengue, chikungunya, rabies, Buruli ulcer, Chagas disease, leishmaniasis, and snakebite envenoming.
Progress: In 2024, around 1.4 billion people required NTD interventions, reflecting a 36% reduction compared to 2010 and 58 countries had successfully eliminated at least one NTD as of January 2026.
About World Health Organization (WHO):
Director-General (DG) – Tedros Adhanom Ghebreyesus
Headquarters – Geneva, Switzerland
Established – April 7, 1948

STATE NEWS

Kerala’s FM KN Balagopal Presents People-focused Budget for FY27In January 2026, KN Balagopal, Finance Minister (FM) of Kerala presented the state budget for Financial Year 2026-27 (FY27) in the state legislative assembly in Thiruvananthapuram, Kerala. The FY27 budget has been proposed at around Rs.2.40 lakh crore, up from the FY26 revised budget of Rs.1.92 lakh crore, reflecting a rise of nearly Rs.48,000–50,000 crore, or more than 25%.

• Among the major allocations, Rs 14,500 crore has been allocated to support social security pensioners and fund new community programs.

Key Financial Indicators:
Revenue Receipts & Expenditure: Total revenue receipts are estimated at Rs 1,82,972 crore for FY27, against revenue expenditure of Rs 2,17,559 crore, generating a revenue deficit of Rs 34,587 crore which is 2.12% of Gross State Domestic Product (GSDP).
Fiscal Deficit: The budget estimated the state’s fiscal deficit at 3.40% for FY27.
Debt-to-GSDP: The Debt-to-Gross State Domestic Product (GSDP) ratio has declined from 38.47% (in 2021) to 33.44% in 2026-27.
Sector-wise Key Allocations:
Focus on Senior Citizens: Finance Minister K N Balagopal introduced a dedicated Elderly Budget, focusing on welfare schemes for senior citizens, with Rs.30 crore allocated as subsidies for groups establishing retirement homes for the elderly.
Social Security & Welfare: The state government allocated Rs 3,720 crore for the Chief Minister’s ‘Sthree Suraksha Scheme’.The scheme provides monthly financial assistance of Rs 1000 to women (including trans-women, aged between 35 and 60 who are not the beneficiaries of any other existing social security scheme).
Agri-allied Sector: The state government allocated Rs 2,071.95 crore for the agri-allied sector and Rs 150 crore for the integration of paddy development projects.
Environment Sector: The state budget has allocated Rs 27.82 crore for various projects in the environment and habitat sector.
Industries Sector: The budget allocated Rs 1,417.26 crore for the industries sector, an increase of Rs 122.54 crore compared to the last year.
Key Announcements: The state government announced the formation of the 12th Pay Revision Commission. Also announced the Assured Pension Scheme (APS), replacing the National Pension System (NPS) for eligible employees.

•  The government has announced the introduction of a free education scheme for students in Arts and Science colleges.

AP Signs MoU with FICCI-FLO to Establish Women Entrepreneurs’ Industrial Park
In January 2026, the Andhra Pradesh Economic Development Board (APEDB) signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry Ladies Organisation (FICCI-FLO) to establish a Women Entrepreneurs’ Industrial Park in AP.

• The MoU was signed by T.G. Bharath, Minister for Industries, Commerce and Food Processing, AP; and Poonam Sharma, National President of FICCI-FLO, in Amaravati, AP.

About Women Entrepreneurs’ Industrial Park :
Policy Basis: The park(30 acres) will be established under the AP Policy for Establishment of Private Industrial Parks with Plug-and-Play Industrial Infrastructure (2024–29).
Beneficiaries: The facility will cater exclusively to women entrepreneurs who are members of FICCI-FLO, aiming to enhance their financial self-reliance, generate employment, nurture local talent, and reduce regional industrial disparities.
Alignment: The initiative aligns with the state’s ‘One Family, One Entrepreneur’ vision and complements the plan to establish 175 Micro, Small and Medium Enterprises (MSME) parks across all assembly constituencies.
Implementation: The FICCI-FLO will mobilize, mentor, and build the capacity of women entrepreneurs, while Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will handle land allotment, infrastructure development, statutory approvals, and facilitation.

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